About your Search

20100215
20100215
Search Results 0 to 6 of about 7 (some duplicates have been removed)
rates to zero. >> when dow, based on what the chairman of the fed mr. bernanke said recently, when do you expect him to begin or the fed to begin feeling like in order to combat inflation they have to do something. >> you know. >> rose: about raising the cost of money. >> i think the fed has made it very clear they don't think that that time is any time soon if you read their statements. they are very careful to say it is certainly a ways off. i think what chairman bernanke was doing was talking about a plan. and how, when it's time will the fed be able to drain reserves so people have the confidence to know that if they get worried, they can, you know, take the reserves out of the system so you don't have inflation. i like to draw the analogy t is very much what the president is doing with his budget, at the same time that he is saying we need to do some more energy spending to create jobs, sort of those targeted measures, we need to put in place a plan for as we come back to full employment, how do we deal with the budget deficit. that is exactly what he is talking about wi the fisc
an exit strategy to tighten credit once the economy picks up. chairman ben bernanke outlined what the fed could do but not when it would do it. the move would include raising the discount rate was what the fed charges for loans it makes directly to banks. it could also boost the interest rates it charges on excess reserves. money that they keep at the fed. that would give banks more incentive to keep money there and less incentive to lend which, of course, would in turn, increase consumer rates and slow down lending and the economy. earning season is slowing down but two consumer giants reported this week. consumer giant disney beat analysts' expectations while coca-cola met analyst's predictions. even though the debt crisis in europe may sound obscure, it's important to america and the markets in the u.s. to explain why and what could happen next, the ceo and co-cio of pimco, the world's largest bond fund. muhammad, always wonderful to have you on the program. thank you for joining us. >> thank you, maria. >> let's talk about these concerns about the debt in greece which, of course, has
bernanke who was named by bush the federal reserve chairman, henry paulson, the treasury secretary. they said if they didn't do this bailout, the abyss would've happened and it wouldn't have been a recession, it would have been a depression. >> well, you know, a lot of people did offer that chicken little scenario. and equally other economists and people in the real banking world, for example, a communication i received from the president of bb & t asking the 435 members of the house and the 100 members of the senate not to vote in favor of the bailout because the money would not end up being used by banks to be loaned to consumers and you would have banks under the thumb of greater government control. and, indeed, though i don't like to use hank bolson as a source, he made it very clear that while mccain in the end supported it, when john suspended his campaign to go back to washington, and voters thought he's going to make a stand for us. john, instead of being the tell it like it is straight talk express guy, he meekly read a couple of talking points and went ahead with the whol
professor and no stranger to the audience at c-span2, douglas bernanke -- douglas brinkley. thank you for joining us this morning. guest: good morning. thanks for having me. host: if president stay were a holiday celebrating just one president, it there or one president to honor, who would it be for you and why? guest: i think the original, george washington. remember presidents day began as washington's birthday in 1880 and subsequently evolved, 1971 was started getting this concept of presidents day morphing of washington and lincoln's birthday and then the idea of just celebrating the institute of the president and having school children learn each president and what they look like and memorize the names. but washington is, in my view, the person we need to be celebrating on presidents' day. he did something very extraordinary as our first president, he stepped down. he showed you could relinquish power. that we were not going to become a market. he could have stayed in for life terms because he was that popular but i think it was the beginning of the tradition -- of the presence i
to the audience at c-span2, douglas bernanke -- douglas brinkley. thank you for joining us this morning. guest: good morning. thanks for having me. host: if president stay were a holiday celebrating just one president, it there or one president to honor, who would it be for you and why? guest: i think the original, george washington. remember presidents day began as washington's birthday in 1880 and subsequently evolved, 1971 was started getting this concept of presidents day morphing of washington and lincoln's birthday and then the idea of just celebrating the institute of the president and having school children learn each president and what they look like and memorize the names. but washington is, in my view, the person we need to be celebrating on presidents' day. he did something very extraordinary as our first president, he stepped down. he showed you could relinquish power. that we were not going to become a market. he could have stayed in for life terms because he was that popular but i think it was the beginning of the tradition -- of the presence in beginning with washington. and ou
Search Results 0 to 6 of about 7 (some duplicates have been removed)